Monde Nissin to buy 70% stake in startup

By Earl John Alfaro

Sep 11, 2024 12:22 am

MONDE Nissin Corp. is looking at startup opportunities in new categories and has subscribed to 87,500 of outstanding common shares of Amico Innovations Inc. worth P17.5 million.

'Monde's executive committee authorized Monde to subscribe for 87,500 shares, which is expected to be 70 percent of the outstanding common shares of Amico, a new Philippine domestic corporation in the process of being incorporated,' Monde told the stock exchange on Tuesday.

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